looking for a broker - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


looking for a broker
Updated: Views / Replies:1,938 / 8
Created: by drolles Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

looking for a broker

  #1 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: TradeLink, OpenQuant, considering anything that works...
Favorite Futures: if it trades...
 
Posts: 94 since Oct 2010
Thanks: 24 given, 38 received

looking for a broker

Hello futures.io (formerly BMT),

Iím wondering if someone would be willing to help me with tracking down a broker.

Iím looking for a broker to trade Forex, futures an stocks with via NinjaTrader (NT) automated systems.

The current focus is Forex. I have taken a look at Interactive Brokers who look good, but unfortunately, they trade Forex in larger sizes than mini-lots. Iím looking for a broker that will allow you to trade in mini-lots (i.e. 10,000) or micro-lots. Iím looking at a trend following system so I will need a broker which provides good tomorrow / next rates (i.e. carry) on the currencies.

The research Iíve done to date is as follows:

MB Trading
- Doesnít appear to allow to trade Forex with NT (could be wrong here); it appears they do this through MT4

GAIN / Forex.com
- Doesnít appear to offer stocks and futures

Interactive Brokers
- Doesnít appear to allow to trade in mini-lots (e.g. minimum 30,000 for AUD trades)
- Though they appear to provide good with everything else

TD Ameritrade
- Canít trade futures or Forex through NT, only stocks (thatís what customer service say)

Could anyone help? Or provide some advice?

Iím coming to the conclusion that Iím going to have to use someone for Forex / Futures and some else for stocks.

Thanks and regards,

Dan

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
vienna, virginia, usa
 
Futures Experience: Advanced
Platform: TradeNavigator, Multicharts
Broker/Data: Optimus, TOS, IB
Favorite Futures: Gold, DX, Forex, Futures
 
Posts: 13 since Oct 2010
Thanks: 13 given, 11 received

Looking for AutoTrading Broker


Based on what you are looking for, I would definately rule out Interactive Brokers for anything related to autotrading. I love their commissions, but their trading platform is very qwirky and takes a while to learn. Service is deplorable. IB can reach international equity markets better than anyone else. That's it's real differentiator.

Reply With Quote
The following 2 users say Thank You to veigaman for this post:
 
  #4 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received

MB Trading allow forex trading thru NT.
Anyway u can keep forex, stock and futures with separate accounts, this way u can find better dedicated service and rates.

Take your Pips, go out and Live.
Luke.
Reply With Quote
The following user says Thank You to LukeGeniol for this post:
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

I agree with @LukeGeniol, that if you really need to trade three markets (forex, futures, equities) then it is best to have three brokers so you can select the best for each. Trying to find a single good broker for all is going to be difficult.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #6 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received

PFG offers forex spot, futures and options.

But I would advise forex at dukascopy with NT using the 3rd party bridge

and for futures I would open an account with velocity, I would also strongly advise using X-trader as a frontend for placing your orders, that thing is wild !!!

Reply With Quote
 
  #7 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: TradeLink, OpenQuant, considering anything that works...
Favorite Futures: if it trades...
 
Posts: 94 since Oct 2010
Thanks: 24 given, 38 received

All,

Thanks very much for your helpful advice. I appreciate you taking the time to post back.

I also like the advice on not necessarily taking a single broker for the 3 types of instruments. I suspect that there are advantages and disadvantages to each approach (e.g. advantage is pool all funds with a single broker, disadvantage is getting poor execution costs on some instruments).

Thanks and regards,

drolles

Reply With Quote
 
  #8 (permalink)
Elite Member
vienna, virginia, usa
 
Futures Experience: Advanced
Platform: TradeNavigator, Multicharts
Broker/Data: Optimus, TOS, IB
Favorite Futures: Gold, DX, Forex, Futures
 
Posts: 13 since Oct 2010
Thanks: 13 given, 11 received

Broker for Forex

For Forex trading, I would highly recommend OANDA. Used them for over four years. Their trading platform is the most sophisticated in the market and pip spreads are very low. Their charting package does not have all the bell's and whistles as other brokers, but their reporting tools and account management is excellent. They also had a variety of special applications "Labs" that no other Forex broker can match.

Reply With Quote
 
  #9 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: TradeLink, OpenQuant, considering anything that works...
Favorite Futures: if it trades...
 
Posts: 94 since Oct 2010
Thanks: 24 given, 38 received

All,

Thanks again for all the feedback and suggestions.

Iíve been talking with Forex.com. If you are interested, checkout this thread on NTís support form. I thought this might be of interest to some futures.io (formerly BMT) readers: Forex.com simulation account - NinjaTrader Support Forum

They are unable to provide you with a proper simulation account.

Iíve since followed up with PFG Best. They are providing me with a full trail account, which is working with NT very well. Though, Iím getting the odd disconnect with their price feed.

They are saying they are able to provide me access to all the Forex crosses they have listed on their website: https://fx.pfgbest.com/ChartsQuotes.aspx. However, they are saying that they are unable to add them to a demo account. Can anyone else comment? Is anyone trading a broad set of crosses with PFG Best with NT?

Iím also not seeing any tom/next rates being charged into the Sim account. Can anyone comment on these?

MetalTrade Ė Thanks for the suggestion of using a third party bridge. I like the suggestion. I think to start with I would like to get running with a direct connection to a broker supporting NT, then possibly move on from there.

Thanks and regards,

drolles

Reply With Quote

Reply



futures io > > > > looking for a broker

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Broker PGFBEST bomberone1 Reviews of Brokers and Data Feeds 8 July 11th, 2012 08:23 PM
ETF Broker MWinfrey Reviews of Brokers and Data Feeds 8 December 13th, 2010 09:39 PM
What would you do if a broker did this to you? Michael.H The Elite Circle 17 June 5th, 2010 05:52 AM
IS your broker lie to YOU??? benbrooke Platforms and Indicators 7 April 14th, 2010 12:10 AM


All times are GMT -4. The time now is 07:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.12 seconds with 19 queries on phoenix via your IP 54.163.61.66